IProperties Acquires Multifamily Property In Chicago For $1.275M
SOLD
$1,275,000
Illinois
See Similar DealsMultiFamily3,225 SF
Sold 11/17/2021
SOLD
IProperties Acquires Multifamily Property In Chicago For $1.275M
3327 North Sheffield Avenue, Chicago, IL 60657, USA
See Similar DealsMultiFamily3,225 SF
Sold 11/17/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$395
Total Square Footage:3,225 SF
Transaction Type:Sale
A multifamily property located at 3327 N Sheffield Ave in Chicago has been sold for a price of $1,275,000. The property consists of 4 units, resulting in a price per unit of $318,750. The sale took place on 11/17/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 3327 N Sheffield Ave, Chicago
- Market: Chicago
Eun Hee Jung from iProperties represented the buyer in this transaction, while Nicholas Apostal from Keller Williams ONEChicago acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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